Question 1

What is Sicoob Coocresb?

Accepted Answer

Sicoob Coocresb is a credit cooperative (cooperativa de crédito) serving municipal and autarchic civil servants in Bebedouro, São Paulo, Brazil. As part of the Sicoob system, the largest cooperative financial system in Brazil, Coocresb operates as a non-bank financial institution organized under cooperative principles. The cooperative serves its members through mutual assistance and democratic governance, where members are both clients and owners of the institution.

Question 2

When was Sicoob Coocresb founded?

Accepted Answer

Sicoob Coocresb was founded on August 15, 2002, in Bebedouro, São Paulo. The cooperative was formally constituted on June 23, 2003, as a singular credit cooperative specifically to serve municipal and autarchic public servants of Bebedouro. It was created to provide financial services tailored to the needs of local government employees, following the cooperative model that emphasizes mutual assistance and member participation. The cooperative is affiliated with Sicoob Central Cecresp and operates under Brazil's National Credit Cooperative System (SNCC).

Question 3

Where is Sicoob Coocresb headquartered?

Accepted Answer

Sicoob Coocresb is headquartered in Bebedouro, São Paulo, Brazil. Bebedouro is a municipality located in the interior of São Paulo state, approximately 390 kilometers from São Paulo city, in the Ribeirão Preto mesoregion. The city has a population of approximately 77,000 residents and is historically known for its citrus cultivation, having earned the nickname "Brazilian California" for its orange production.

Question 4

Where does Sicoob Coocresb operate?

Accepted Answer

Sicoob Coocresb operates primarily in Bebedouro and surrounding municipalities in the interior of São Paulo state. As a singular credit cooperative affiliated with Sicoob Central Cecresp, its primary service area focuses on the municipality of Bebedouro and the broader Ribeirão Preto region. The cooperative's operations are concentrated in serving local municipal and autarchic civil servants within its designated area of action in São Paulo state.

Question 5

What services does Sicoob Coocresb offer?

Accepted Answer

Sicoob Coocresb offers a comprehensive range of financial services typical of Brazilian credit cooperatives, including:

Banking Services: Current accounts (conta corrente), savings accounts, and capital accounts where members hold cooperative shares.

Credit Products: Payroll-deducted loans (crédito consignado) specifically designed for civil servants, personal credit lines, and various lending products.

Investment Products: RDC (Recibo de Depósito Cooperativo) fixed-income investments and other cooperative investment options with competitive returns for members.

Additional Services: Insurance products, payment services, electronic banking, and financial education programs aligned with cooperative principles.

As part of the Sicoob system, members can access services through the Sicoob mobile app and digital banking platforms, as well as the broader network of Sicoob service points throughout Brazil.

Question 6

What makes Sicoob Coocresb unique?

Accepted Answer

Sicoob Coocresb stands out for its exclusive focus on municipal and autarchic civil servants in Bebedouro. Unlike traditional banks, members are also owners who participate in governance decisions and share in the cooperative's financial results.

The cooperative operates under the principle of mutualismo (mutualism), meaning profits are distributed among members rather than external shareholders. This structure typically allows Coocresb to offer lower interest rates on loans and higher returns on investments compared to commercial banks.

As part of Brazil's cooperative movement, which originated in 1902 in Rio Grande do Sul, Coocresb embodies the seven cooperative principles established in Rochdale, England in 1844. Members' deposits are protected by the FGCoop (Fundo Garantidor do Cooperativismo de Crédito), which provides deposit insurance coverage similar to that offered by traditional banks.

Question 7

What type of financial institution is Sicoob Coocresb?

Accepted Answer

Sicoob Coocresb is a cooperativa de crédito singular (singular credit cooperative), classified as a non-bank financial institution in Brazil. It operates under Brazil's National Credit Cooperative System (SNCC) and is regulated by the Central Bank of Brazil (Banco Central do Brasil).

The cooperative is governed by Law 4.595/64 (which regulates monetary and banking institutions), Law 5.764/71 (which defines Brazil's National Cooperative Policy), Complementary Law 130/09 (which establishes the National Credit Cooperative System), and Resolution CMN 4.434/15 (which governs the constitution and operation of credit cooperatives). As a mutual credit cooperative with limited liability, it focuses on providing financial assistance to its members through cooperative principles rather than profit maximization.

Question 8

How does Sicoob Coocresb fit into the broader Sicoob system?

Accepted Answer

Sicoob Coocresb operates as a singular cooperative within Brazil's largest cooperative financial system, Sicoob. With over 8.5 million members nationwide and more than 4,600 service points, the Sicoob system comprises three operational levels: singular cooperatives like Coocresb that serve members directly, regional central cooperatives that coordinate and support singular cooperatives, and the Centro Cooperativo Sicoob (CCS) that provides institutional representation and establishes system-wide standards.

Coocresb is affiliated with Sicoob Central Cecresp, the regional central cooperative for São Paulo state. This affiliation allows Coocresb members to access the full range of Sicoob products and services, including those provided by system entities such as Banco Sicoob (cooperative bank), Sicoob Pagamentos (payment processor and card issuer), and Sicoob Administradora de Consórcios (consortium administrator).

Through this integrated structure, even though Coocresb focuses specifically on municipal servants in Bebedouro, its members benefit from the scale and sophistication of one of Brazil's largest financial institutions.

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